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20130121
20130129
Search Results 0 to 8 of about 9 (some duplicates have been removed)
the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfast at a restaurant he
, martha, where they're cot delling together what could be a three-month extension of the debt ceiling to try to hammer out more spending cuts and coupled with chuck schumer, the man in charge of today's big inaugural event, more tax hikes. a lot of bruising to come as far as they settle this but they are a long way from settling it. martha: neil, that raises a bigger question. you look at the second term of fdr who dealt with obviously severe economic distress in this country. what happened was they relapsed. there is lot of concern if we do continue to raise taxes and small business owners who the president said are one of his priorities in the second term, but if their sense is their taxes are going higher, they will continue to pull in and get smaller and leaner and not hire i would imagine. so the big question is, where is the whole economy going to head if taxes are increased in other ways in this country? >> well you know the president spoke to quickly come back at the notion, if wall street is worried about this and companies are worried about this, investors are worried about
't produced one in almost years. on may 19th is what the debt ceiling has been extended to. what paul ryan is saying is that whatever bill comes out of the senate will call for more taxes and republicans in the house will not accept that. and if that then is the case then you get the cuts to the defense department and medicare. do i have that right? >> that is fundamentally correct. what we are looking at and what we'll see is whether or not the democrats in the senate insist that they sequester would be altered only by raising taxes and that is not going to happen. we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not do. bill: i mentioned the senate
at the front lines. bill: congress has a compromise, a deal with the debt ceiling, it comes with a big catch, though. does that mean there is hope for a long-term solution, america? or is this going to backfire in a big way? martha: scientists say that these new pictures of the sun shed light on a long-standing mystery. what that is? bill: 32 minutes later here is your moment, america. we do believe senator kerry will begin his opening remarks to his colleagues on the senate committee here. here we go. >> members of the committee, thank you very, very much. i'm in awe of the wonderful comments that were just made, and i appreciate them, and i'll say a little bit more about them. before i begin i would like to have the privilege of just introducing very quickly, i think most of you know my wonderful wife, theresa who has been part of in great journey for a longtime. my brother cam who is serving over in the commerce department as counsel there and i trust they know he's here and have tkeufpb him tim given him time off. my daughter, vanessa and her husband brian, both of whom are working as ph
turning point for this president was that debt debate over the debt ceiling in july and august of 2011 and there an opportunity there and it came close, and i will not ascribe blame because there is probably enough going around when it looked like the president and john boehner were able to make a grand bargain, 3, $4 trillion in deficit reduction, it fell apart and rightly or wrongly it seems clear that the president and the white house decided at that point, we can't do business with these guys. boehner can't control the tea party element in his own house. and we're going to have to start running for president and running for president, pushing a liberal agenda. really from mid-summer, boehner says from labor day of 2011, he was very much running for president, pushing the liberal agenda. he was the protector of the middle class. and it is continued up through his re-election and now we see it in his inaugural address, very little talk about common ground. you know he basically dismissed his republican opposition as absolutism, as name-calling. i think you will see a very aggressive,
Search Results 0 to 8 of about 9 (some duplicates have been removed)